ValuEngine Downgrades Brighthouse Financial (NASDAQ:BHF) to Sell

Brighthouse Financial (NASDAQ:BHF) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday, ValuEngine reports.

A number of other analysts have also recently weighed in on BHF. Citigroup decreased their price target on shares of Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, September 13th. BidaskClub raised Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price objective on Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a research report on Friday, December 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.11.

BHF opened at $39.41 on Monday. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $44.12. The company has a 50 day moving average of $39.84 and a two-hundred day moving average of $37.86. The company has a market cap of $4.26 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.39 and a beta of 2.10. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.25.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Monday, November 4th. The company reported $2.33 EPS for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.11. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.04 billion. Brighthouse Financial had a net margin of 17.25% and a return on equity of 6.21%. During the same quarter last year, the firm posted $2.23 EPS. Research analysts anticipate that Brighthouse Financial will post 9.38 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake in Brighthouse Financial by 40.4% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,219 shares of the company’s stock valued at $49,000 after buying an additional 351 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Brighthouse Financial by 110.4% in the 2nd quarter. Signaturefd LLC now owns 1,538 shares of the company’s stock valued at $56,000 after acquiring an additional 807 shares during the last quarter. Ossiam bought a new stake in shares of Brighthouse Financial in the 2nd quarter valued at approximately $60,000. Tower Research Capital LLC TRC raised its position in shares of Brighthouse Financial by 40.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the company’s stock valued at $99,000 after acquiring an additional 708 shares in the last quarter. Finally, Ayalon Holdings Ltd. raised its position in shares of Brighthouse Financial by 84.3% during the 3rd quarter. Ayalon Holdings Ltd. now owns 3,202 shares of the company’s stock valued at $125,000 after acquiring an additional 1,465 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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